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Магистратура 2024/2025

Корпоративный риск-менеджмент

Направление: 38.04.08. Финансы и кредит
Кто читает: Школа финансов
Когда читается: 1-й курс, 4 модуль
Формат изучения: без онлайн-курса
Охват аудитории: для своего кампуса
Прогр. обучения: Стратегическое управление финансами фирмы
Язык: английский
Кредиты: 3

Course Syllabus

Abstract

The course is designed for master students and represents an upper level course. This course discusses risk management from the perspective of non-financial corporations. The course examines various types of risks (market risks, credit risks and operational risks) and risk-management procedures in the context of the general framework of enterprise-wide risk management (ERM). The emphasis of the course is on theoretical approach of creating value with implementation of ERM rather than on the technical details of statistical measurement and pricing of derivatives. The course considers issues of risk measurement, risk aggregation, performance evaluation, capital allocation and strategic decision making. The course does not require extensive knowledge of mathematics and statistics.
Learning Objectives

Learning Objectives

  • After the course student will know: − main features of firm-wide risk management; − key risk-management procedures applicable to market, operational and credit risks; − how and when to use risk management procedures;
  • After the course student will be able to: - Classify risks; - Evaluate risk exposure; - Describe the process of risk measurement, risk aggregation, performance evaluation, capital allocation and strategic decision making.
Expected Learning Outcomes

Expected Learning Outcomes

  • Broad knowledge of Risk Management; Identification of risk
  • The key approaches of risk measurements
  • Knowledge of market risk and its management
  • Approaches of measuring credit risk; Managing credit risk
  • Understanding management of operation risks
  • Risk Management Framework: strategic decisions, evaluation of management, future trends and etc.
  • Broad knowledge of Risk Management
  • Identification of risk
Course Contents

Course Contents

  • Topic 1.The Role of Risk Management.
  • Topic 2.Measuring Market Risks.
  • Topic 3. Managing Market Risks.
  • Topic 4. Measuring and Managing Credit Risk.
  • Topic 5. Operational Risk Measurement.
  • Topic 6. Firm‐wide Risk Management Framework.
Assessment Elements

Assessment Elements

  • non-blocking Home assignments based on team work (case studies)
  • non-blocking Written final exam
Interim Assessment

Interim Assessment

  • 2024/2025 4th module
    0.7 * Home assignments based on team work (case studies) + 0.3 * Written final exam
Bibliography

Bibliography

Recommended Core Bibliography

  • Enterprise risk management : from incentives to controls, Lam, J., 2014

Recommended Additional Bibliography

  • Risk management and derivatives, Stulz, R. M., 2003

Authors

  • Галянина Олеся Владимировна
  • DRANEV YURIY YAKOVLEVICH